- Spot Bitcoin ETF institutional investment is still rising as corporations submit their first-quarter 13F forms.
- On May 8, US Bancorp revealed spot Bitcoin ETF investments totaling more than $15 million.
According to the corporation, it paid around $5.4 million for 87,744 shares of Fidelity’s FBTC, $2.9 million for 46,011 shares of Grayscale’s GBTC, and $7.2 million for 178,567 shares of BlackRock’s IBIT.
According to the company’s most recent 13F filing, its total investments were $71.8 billion.
With more over $663 billion in AUM by the end of 2023, US Bancorp ranks among the biggest bank holding firms in the United States.
Investment in Rothschild firm
On May 9, Edmond De Rothschild Holding SA revealed in separate fashion that it had made spot Bitcoin ETF investments totaling more than $4.2 million.
BlackRock’s IBIT shares of 103,600, valued at slightly less than $4.2 million, were reported by the business. Additionally, 1,300 shares of GBTC worth $82,121 were reported.
According to the company’s most recent 13F filing, its total investments were $6 billion.
Institutional investment going forward
In recent weeks and months, a number of other businesses have revealed their participation in spot Bitcoin ETFs. ETFs have been acquired by Burkett Financial Services, BNP Paribas, SouthState Bank, Hightower Advisors, and Legacy Wealth Asset Management.
On May 9, MassMutual announced that it was still investing in Grayscale’s Bitcoin Trust (GBTC), totaling 227 shares valued at $14,340.
The first quarter of 2024 is covered by the most recent disclosures. May 15 is the deadline for quarterly 13F filings; in the days ahead, additional firms might reveal their stakes. Executives from Bitwise and BlackRock predict that institutional investors will keep buying spot Bitcoin ETFs.
As of May 8, spot Bitcoin ETFs had roughly $11.8 billion in cumulative inflows, bringing their total assets under management (AUM) to $52.7 billion.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
